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Stock impact report

Nextpower (NXT) Climbs to All-Time High on Earnings Blowout, Rating Upgrade [Yahoo! Finance]

Nextpower Inc. - Class A (NXT) 
Company Research Source: Yahoo! Finance
Nextpower soared to a new all-time high on Wednesday, thanks to a strong earnings performance and rating upgrades from several analysts. At intra-day trading, the stock surged to its highest price of $131.59 before trimming gains to end the day just up by 13.28 percent at $119.97 apiece. Photo from Nextpower website In an updated report, Nextpower Inc. (NASDAQ:NXT) said that its net income in the third quarter of the year rose by 12 percent to $131 million from $117 million in the same period a year earlier, while revenues increased by 34 percent to $909 million from $679 million year-on-year. The strong results encouraged an optimistic outlook for the year, with the company raising its net profit outlook to a range of $525 million to $540 million from $499 million to $529 million previously. Revenues are also targeted at $3.425 billion to $3.5 billion, higher than the $3.275 billion to $3.475 billion previously, while diluted EPS is expected at $3.43 to $3.53, versus $3.26 t Show less Read more
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